Meteor FTSE Super Defensive Quarterly Conditional Income Plan

Meteor FTSE Super Defensive Quarterly Conditional Income Plan


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Defensive income plan offering up to 6% interest, even if the FTSE falls by 35%…

If 6% annual interest even if the stock market goes down 35% sounds like a reasonable level of risk for a competitive interest return, this new plan may be worth a closer look
Oliver Roylance-Smith

Oliver Roylance-Smith

Head of Savings and Investments

A defensive income plan offers the opportunity to receive interest from your investment, even if the stock market falls, which can make for a compelling option.

The Meteor FTSE Super Defensive Quarterly Income Plan will pay 1.5% income at the end of each quarter, provided the FTSE 100 Index has not fallen more than 35% below its value at the start of the plan – that’s a potential 6% per year interest, even if the FTSE falls 35%. If the Index does close below this level, no income is paid for that quarter.

The plan has a maximum term of 9 years, but also offers the opportunity to receive your initial capital back in full before then, if the FTSE at the end of each year (from year 2 onwards), is higher than its value at the start of the plan. If the plan does not end early, your initial capital is returned in full provided the FTSE has not fallen by more than 35% at the end of the plan term. If it has, your initial investment will be reduced by 1% for each 1% fall, so your capital is at risk.

The super defensive income feature and the conditional capital protection could be attractive to a wide range of investors, whilst the 6% return on offer is a competitive headline interest rate

Plan Details

Potential quarterly income: 1.5% (equivalent to 6% annually) if the Index doesn’t fall by more than 35%

Potential to mature early annually from year 2 onwards if the FTSE 100 Index rises by any amount

Capital at risk product – 65% barrier

Available for Stocks & Shares ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes

Investment term: Maximum 9 Years

Arrangement fee applies

Minimum single investment: £5,000 

Maximum ISA investment: £20,000

No maximum for ISA transfers and non-ISA investments

Deadlines

ISA Transfer Applications: 11 August 2022
Direct & ISA Applications: 25 August 2022

Reduced arrangement fee: For investments of £100,000 or more into this plan, processed through Fair Investment Company, your arrangement fee will be reduced to 2% of your original investment.

Important Information: This is a structured investment plan which is not capital protected and is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Meteor FTSE Super Defensive Quarterly Conditional Income Plan August 2022

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